Gimlet 2: Is Podcasting the Future or the Past?

Alex Bloomberg documents his attempt to secure funding for his podcast network, the American Podcasting Corporation (APC). After a disastrous first pitch to Chris Sacca, Alex hones his pitch and presents it to Sacca's partner, Matt Mazzeo. The revised pitch includes impressive listener numbers and a tagline: "connecting large, passionate audiences with what they want to hear." Mazzeo suggests that Alex should focus on building a technology platform and app, an "Instagram of audio," rather than just creating content. This feedback leaves Alex feeling conflicted, as it would require a significant shift in his business model and vision, potentially limiting his company. He grapples with staying true to his original vision versus adapting to investors' suggestions.